$3bn Power Plant for Bismaya

By John Lee.

Reuters reports that Mass Global will partly finance a $3-billion power plant in Bismaya.

The gas-fired, 3,000-megawatt plant is being built by Turkey's Enka Insaat, whose chairman Sinan Tara said it would be financed partly from Mass Global's equity and partly from Iraqi lenders.

The project will be built in two phases of 1,500 MW each.

The companies have already worked together on power plants in Erbil and Sulaymaniyah.

(Source: Reuters)

(Picture: new housing project at Bismaya).